Blackrock Seeks to Democratize Crypto CEO Says Bitcoin Can Hedge Against Inflation Currency Devaluation
Larry Fink, the CEO of the world’s largest asset manager, Blackrock, says bitcoin is an international asset and crypto can be used instead of gold to hedge against inflation, the onerous problems of any country, as well as currency devaluation. Blackrock, which has a near-perfect track record of getting exchange-traded funds (ETFs) approved by the U.S. Securities and Exchange Commission (SEC), said it is working closely with regulators to get its spot bitcoin trust ETF filing approved. Blackrock’s Larry Fink on Bitcoin, ETF Filing, and Crypto Democratization Larry Fink, the chairman and CEO of the world’s largest asset manager, Blackrock, discussed bitcoin, crypto investing, and his company’s spot bitcoin trust exchange-traded fund (ETF) filing in an interview with Fox Business on Wednesday. The world’s largest asset manager filed an application with the U.S. Securities and Exchange Commission (SEC) to launch a spot bitcoin trust ETF on June 15. Since then, the price of bitcoin h...